Singapore tells suppliers to ‘honour commitments’ amid Indonesia’s gas cut

Indonesia has reduced its natural gas exports to Singapore, citing the need to supply more electricity domestically. Prime Minister Lawrence Wong of Singapore emphasized that all parties involved in gas supply contracts should honor their commitments. Singapore's gas importer will take necessary steps to protect its rights and interests under these contracts.

Wong mentioned that 95% of Singapore's electricity comes from natural gas and the country imports a significant portion through pipelines from Indonesia. Singapore has been preparing for such risks by investing in liquefied natural gas (LNG) terminals to diversify its sources of natural gas. However, Wong stressed the importance of exploring cleaner sources of power like nuclear energy, while acknowledging concerns about safety in a densely populated country like Singapore.

Singapore will assess its readiness for nuclear energy, including an evaluation by the International Atomic Energy Agency (IAEA), starting in 2027. Wong highlighted the need to prepare for the future, where computing power will require significant energy. Singapore is actively strengthening partnerships globally, with leaders visiting various countries to build relationships and deepen cooperation.

Despite facing challenges, Wong emphasized Singapore's strength and reliability as a partner and hub. The country is grappling with issues like online scams and haze pollution, which require international cooperation. Wong reiterated that governance in Singapore must be built with the people, not just by the government. He acknowledged that the PAP government's mandate is a responsibility, not an entitlement, and that it must earn and uphold the trust of Singaporeans.